Innovation Canada — Innovation Advisors in MB
Highlights
Hello,
If you're looking to grow your business, the Innovation Advisor Program is a fantastic opportunity for you. This program offers free, one-on-one support from experienced advisors who have been in your shoes. They know the ins and outs of business growth and can guide you through the maze of government programs available to you. Whether you need funding, technical advice, or want to explore foreign markets, these advisors are here to help you find the right support.
What's in it for you? Tailored guidance that fits your unique business needs. The advisors leverage their extensive networks and knowledge to ensure you make the most of available opportunities. There's no cost involved, and the process is straightforward, making it easy for you to qualify. This program is available across Canada and covers all sectors, so whether you're a startup or an established company, it's designed to help you innovate and expand.
By connecting with an Innovation Advisor, you gain access to a wealth of resources and expertise that can propel your business forward. It's like having a seasoned mentor by your side, helping you navigate and capitalize on the support systems designed to fuel your growth. Don't miss out on this chance to enhance your business with expert advice and government support.
Financing Details
Loan Type: This program offers a repayable loan designed to support your business growth and innovation.
Repayment Terms and Interest Rates:
- The loan comes with a competitive interest rate, typically lower than commercial rates to ease financial pressure as you innovate.
- Repayment terms are flexible, with options to extend based on your business's financial health and project needs.
Eligible Expenses:
- Funds can be used towards research and development of new products, technologies, or processes.
- Costs associated with acquiring necessary equipment or technology.
- Expenses related to obtaining patents or other intellectual property rights.
Restrictions on Use of Funds:
- The loan cannot be used for debt refinancing or covering past losses.
- Operational costs like routine staffing and maintenance are not covered.
Fees:
- There is a nominal application fee to process your loan request.
- No additional fees for early repayment of the loan, promoting flexibility in managing your finances.
Qualifications
- The business must be incorporated.
- The business should be ready to grow or scale.
- The business should be looking to create a new product, service, or process.
- The business must be located in Canada.
Description
If you're working on a new product, technology, or process, connecting with an Innovation Advisor could be a game-changer for your business. These advisors offer free, one-on-one support to help you navigate the maze of government programs and services available to you. They bring a wealth of experience from their backgrounds as entrepreneurs and private-sector professionals, ready to share their insights and networks.
The real benefit here is the tailored guidance you receive. An Innovation Advisor can help you find the right government support, whether it's funding, technical advice, or exploring foreign markets. This isn't just about pointing you in the right direction; it's about walking with you, ensuring you make the most of the opportunities available.
There's no cost involved and no complex qualifications to worry about. This service is available across various regions in Canada, and it covers all sectors. Whether you're a small startup or a growing company, the Innovation Advisor Program is designed to help you innovate and expand.
Program Steps
Contact an Innovation Advisor
Call toll-free at 1-833-201-4358 or send your details online to get started.Prepare the Necessary Documentation
Gather the following documents for your application:- Business registration or incorporation documents
- A brief business plan or description of your project
- Financial statements or projections
- Any relevant licenses or permits
Schedule a Meeting
Set up a one-on-one meeting with your assigned Innovation Advisor to discuss your business needs.Discuss Your Goals
During the meeting, clearly outline your objectives, challenges, and what support you’re seeking.Receive Tailored Guidance
Work with your Innovation Advisor to identify the right government programs and services for your business.Follow Up
Stay in touch with your advisor for ongoing support and to track your progress.